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The Cabinet on Wednesday approved a capital infusion of Rs 6,000 crore into public sector banks, in addition to the Rs 15,000 crore allocated in the Union Budget. The funds would be used to bolster the capital base of the state-owned players to help them meet lending needs. Following the infusion , the government [...]
Read More... 1. Income-tax, in India, is a tax payable, annually, at the rate enacted by the Indian Union Budget (Finance Act) for every Assessment Year, on the Total Income earned in the Previous Year by every Person.
2. The chargeability is based on the nature of income, i.e., whether it is revenue or capital. The principle [...]
Income Tax Rates/Slabs for Assesment Year 2012-13 (F Y 2011-12)
Read More... The Indian budgetary system has become more transparent over the years, with the government providing significant information on the Budget, a survey has said.
According to the Open Budget Survey 2010, released by the International Budget Partnership, India’s open budget index (OBI) score improved from 53 in 2006 to 67 in 2010. The survey is [...]
The Union Budget this year has aimed to focus on inclusive growth. The concerns of common man including Income Tax have gone hand in hand with appreciable measures for improving investment, infrastructure and fiscal consolidation. As the country looks to ‘quickly revert to high GDP growth path’ in the wake of ‘uncertain times’, concerns [...]
Read More... After eight months of stalemate, the Government has finally given its approval to Chinese telecom equipment manufacturers for importing gear into the country. The Department of Telecom has given its nod to ZTE for supplying gear to Reliance
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The Bombay High Court on Friday dismissed the writ petition filed by Price Waterhouse challenging the jurisdiction of the Securities and Exchange Board to investigate the audit firm’s role in the multi-crore Satyam accounting
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The National Stock Exchange volatility index ended on Friday at 16.74 – the lowest level on closing-day basis since its launch in April
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